Ann: First Mavis Lake Assays Include 7.66m at 1.5% Li20, page-26

Hear me out.

I was disappointed with this news today. because I thought the halt was to allow the lab to pile up a number of assay results together. but we just got hole 5. I guess we will be waiting another week for the next few. hole 5 i believe was submitted late April.

hole 5 was good but not super impressive (unlike the next 10 holes). so I knew the assays would be 1% or less (I was a bit surprised at the higher li content). assay results for just 1 hole wouldn't interest the market much.

the real risk here, if you know anything about spod rock is that it doesn't necessarily have to contain much li or even any at all. So the result today is incredibly bullish you can see about 1:10 ratio for li to spod content content. this is about as good as it gets. even 1:15 is bloody good.

there are quite a few holes with very wide 40% and even one with 60% visual content and all part of the same pegmatite.

Expect some SERIOUSLY GOOD assays in the next couple of weeks.